All three US indices aren't in great condition today. Dow Jones, SPX, and NASDAQ might drop below S1 if buyers don't generate enough support soon.

Yesterday the S&P 500 and the NASDAQ 100 went down, but the Dow Jones Industrial Average showed mixed sentiment. Today all three American indices are falling. What can they do next? Let's try to answer that question in an analysis. S&P 500 first:

 

S&P 500

The S&P 500 went down a bit yesterday. The price finished the session slightly below 3,780. Today it is falling even more below Pivot Point. The price is already below 3,760. If the buyers don't generate some serious appetite soon, the price could drop below the S1 support level and reach 3,740. But if they do, the price might return above 3,770.

S&P 500

 

NASDAQ 100

NASDAQ 100 also went down a bit yesterday. The price finished the session a little above 11,580. Today it is falling even more. If the buyers don't generate some serious appetite soon, the price could drop below the S1 support level and reach 11,450. But if they do, the price might even reach 11,600.

Nasdaq

 

Dow Jones Industrial Average

The DJIA index showed mixed sentiment yesterday. The price finished the session a little below 30,200. However, it is going down today. Right now the bulls are trying to defend the S1 support level and 30,000. If they do it successfully, the price might rise and reach 30,200. But if they fail, the price could drop to 29,900.

DJIA

 


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